This Jhunjhunwala stock tanks 7% after flop show in June quarter – Economic Times

By CoinSwitch
Banks will again ask the Reserve Bank of India (RBI) to allow them to spread provisions toward mark-to-market (MTM) losses over several quarters following a sharp hit in the June quarter on this account.
India’s passenger vehicle sales this year are expected to be about a quarter of a million units more than the initial projections that were themselves for record high volumes, industry executives said.
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